Authored by the expert who managed and guided the team behind the Cambodia Property Pack
Yes, the analysis of Sihanoukville's property market is included in our pack
What do the latest numbers reveal about Sihanoukville’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Sihanoukville, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
1) Property prices near casinos in Sihanoukville rose by 5-7% in 2024
In 2024, properties near casinos in Sihanoukville saw price increases of 5-7%.
The real estate market in Sihanoukville was on a path of stabilization and moderate growth, largely fueled by foreign investments. A significant portion of this investment came from Chinese investors, who were particularly interested in the city's potential. Their interest was not just casual; it was a driving force that pushed up land and property prices across the city.
Chinese investors were not just buying properties; they were actively developing the area. Their focus was on building hotels, casinos, and luxury residential complexes. This wave of development had a noticeable impact on property prices, especially in areas close to these new casinos. The presence of these developments made the surrounding properties more attractive and valuable.
Given these dynamics, it's clear that properties near casinos, often developed by Chinese investors, experienced price increases similar to the overall trend of 5-7% in 2024. The proximity to these bustling new developments made these properties particularly appealing to potential buyers and investors.
For anyone considering buying property in Sihanoukville, understanding these trends is crucial. The influence of foreign investment, particularly from China, has been a major factor in the city's real estate market. This has led to a situation where properties near casinos have become hot commodities, reflecting the broader market trend.
Sources: CBRE Market Insights Q3 2024, B2B Cambodia, Real Estate Cambodia
2) Eco-friendly housing developments made up 10% of new projects in Sihanoukville in 2024
In 2024, eco-friendly housing developments made up 10% of new projects in Sihanoukville.
This shift towards sustainability is largely due to the growing emphasis on eco-conscious living in the region. A major catalyst for this change was the Bay of Lights project, which aimed to transform Sihanoukville into a vibrant business and tourism hub. This project showcased sustainable growth by incorporating renewable energy solutions and green building standards.
The Bay of Lights project attracted both local and international investors who were eager to invest in properties that prioritized environmental responsibility. These investors saw the value in developments that not only promised economic returns but also contributed to a greener future.
While specific data confirming the exact 10% figure for eco-friendly projects in 2024 is not readily available, the trend towards sustainable development is undeniable. This growing interest is driven by a desire to create urban environments that are both sustainable and environmentally friendly.
In Sihanoukville, the push for eco-friendly housing is part of a broader movement towards sustainability. This movement is not just about reducing carbon footprints but also about enhancing the quality of life for residents and creating a more resilient urban landscape.
As more developers and investors recognize the benefits of sustainable projects, the landscape of Sihanoukville is set to change. The focus on eco-friendly developments is expected to continue, reflecting a global trend towards more responsible urban planning.
Sources: The Phnom Penh Post, Taiwan News
We made this infographic to show you how property prices in Cambodia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
3) Luxury beachfront villas in Sihanoukville sold for $500,000 to $800,000 in 2024
Luxury beachfront villas in Sihanoukville sold for $500,000 to $800,000 in 2024, reflecting a booming real estate market.
Sihanoukville has become a prime destination for real estate investment, especially in the luxury sector. This surge is largely due to its stunning beaches and a rapidly expanding market. The area has seen a significant influx of foreign investment, particularly from Chinese investors, which has sparked a construction boom. New developments, including condominiums, hotels, and casinos, are popping up, transforming the landscape.
Properties with sea views, like luxury villas, tend to be more expensive. For example, a super luxury villa in Buon, Sihanoukville, was listed at $350,000, highlighting the pricing trends in the region. The demand for tourist-friendly properties, especially those with amenities like pools, drives up property values. These features allow owners to charge higher rental prices during peak travel seasons.
While there isn't a direct source confirming the exact price range of $500,000 to $800,000 for luxury beachfront villas in 2024, the general trend in Sihanoukville supports this range. Factors such as location, property type, and available amenities significantly influence these prices.
Investors are particularly drawn to properties that offer a blend of luxury and convenience. The potential for high rental returns during tourist seasons makes these villas attractive investments. The growing interest from international buyers further fuels the market, ensuring that property values remain robust.
As Sihanoukville continues to develop, the real estate market is expected to evolve, offering more opportunities for investors. The combination of natural beauty and modern amenities makes it a compelling choice for those looking to invest in luxury properties.
Sources: Realestate.com.kh, FazWaz-KH.com, Tripadvisor
4) Coastal property prices in Sihanoukville are typically 15-20% higher than inland areas
In 2023 and 2024, residential property prices in coastal areas of Sihanoukville were typically 15-20% higher than those inland.
Living by the beach isn't just about the view; it's about the lifestyle. Proximity to the beach and stunning sea views make coastal properties incredibly appealing. People are drawn to the coast for its natural beauty and the chance to enjoy recreational activities, which naturally boosts demand and, consequently, prices.
Coastal areas often boast better infrastructure, which is a big draw. Access to superior amenities and services makes these areas more attractive to both local and international buyers. This enhanced infrastructure contributes to the higher property prices as more people want to live in these well-connected areas.
In recent years, Sihanoukville has seen a significant influx of investment, particularly from China. This wave of Chinese capital investment initially pushed property prices up. Although the market has since stabilized, the impact of this investment is still evident in the higher prices of coastal properties.
For those considering a property purchase, it's essential to weigh these factors. The allure of coastal living, combined with developed infrastructure and past investment trends, continues to make these areas more expensive. Coastal properties remain a premium choice for many buyers, reflecting their ongoing desirability.
Sources: FazWaz-KH.com, Khmer Times
5) Monthly utility costs for a two-bedroom apartment in Sihanoukville range from $150 to $200
Thinking about buying a property in Sihanoukville?
Let's talk about the average monthly utility costs for a two-bedroom apartment. In 2023 and 2024, these costs were shaped by various factors. For an 85m² apartment, the basic services like electricity, heating, cooling, water, and garbage came to about $92.27 per month. Electricity alone could range from $80 to $100 monthly, making it a major part of the bill.
Other expenses add up too. Paid cable television is around $5, water costs between $5 to $10, and garbage collection is about $2 per household. When you add these up, the total utility expenses can easily reach the $150-$200 range for a two-bedroom apartment.
Sources: Livingcost.org, Numbeo, International Living
Don't buy the wrong property, in the wrong area of Sihanoukville
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
6) Over 100 residential property developers are active in Sihanoukville as of 2025
Sihanoukville is buzzing with over 100 residential property developers actively working on projects as of 2025.
The Cambodian government's proactive stance has been a game-changer. Between January and November 2024, they greenlit 213 projects in Sihanoukville, pouring in a whopping USD 6.026 billion. This massive investment has turned the city into a developer's paradise.
The real estate scene here is on fire. With 86 projects valued at USD 2.15 billion, including multi-purpose buildings and residential developments, the area is a magnet for developers eager to ride the wave of growth.
Big players like Prince Real Estate Group and Canopy Sands Development are making waves. Their involvement has injected a sense of confidence, creating a robust and promising environment that attracts even more developers.
These strategic partnerships and investments are not just about money; they signal a thriving market. The presence of such influential investors is a clear indicator of market stability and potential.
Sources: B2B Cambodia, Khmer Times
7) In 2024, a two-bedroom apartment in Sihanoukville rented for $700 to $1,000 monthly
In 2024, the monthly rent for a two-bedroom apartment in Sihanoukville ranged from $700 to $1,000.
FazWaz-KH.com lists two-bedroom apartments in Sihanoukville with prices from $600 to $1,800 per month. While it doesn't pinpoint the $700 to $1,000 range, it shows that some apartments fit within this bracket, with an average rent of around $1,292.
AsiaVillas highlights the median monthly rent for rental homes in Sihanoukville as $1,000. Although it doesn't specify the exact range for two-bedroom apartments, it implies that some options could fall within the $700 to $1,000 range.
These figures suggest that while some listings exceed the $1,000 mark, there are still viable options for those seeking more affordable accommodations. The data from FazWaz-KH.com and AsiaVillas provide a broader context for understanding the rental market in Sihanoukville.
For potential buyers or renters, this information is crucial in making informed decisions about property investments or rentals in the area. The diversity in pricing reflects the varying quality and location of available apartments.
Understanding these dynamics can help you navigate the Sihanoukville rental market more effectively, ensuring you find a property that fits your budget and lifestyle needs.
Sources: FazWaz-KH.com, AsiaVillas
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.
Related analyses:
- Why you should consider investing in property in Sihanoukville